Alpex Solar Limited
Book Built Issue IPO · NSE
- Price band
- ₹109 - ₹115
- Lot size
- 1,200 shares
- Issue amount
- ₹74.52 cr
- Total subscription
- 324.11×
- Opens
- 8 Feb 2024
- Closes
- 12 Feb 2024
- Allotment
- 13 Feb 2024
- Listing
- 15 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 64,80,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,30,800
- Fresh issue
- ₹74.52 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,38,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,79,93,400
- Shares after issue
- 2,44,73,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,38,000 |
| HNI | 2 | 2,400 | ₹2,76,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 14.16 | 2,003.22 |
| RETAIL | 24.78 | 8,721.5 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 2.1 | 0.11 | 1.76 |
| ROE | 9.55 | 0.52 | 8.39 |
| ROCE | 18.81 | 2.79 | 13.24 |
| RONW | 9.55 | 0.52 | 8.39 |
| PRE IPO(PE) | 1.66 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Alpex Solar Limited, established in August 1993, is a leading solar panel manufacturer utilizing monocrystalline and polycrystalline cell technologies. The company offers a range of solar panel modules, including bifacial, mono PERC, and Half-Cut types, along with AC/DC solar pumps and EPC solutions for solar energy projects. Alpex Solar serves notable clients such as SolarWorld Energy Solutions, BVG India, Tata Power, Hild Energy, and Shakti Pumps India. The company holds multiple quality certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Its manufacturing facility is in Greater Noida, with additional offices in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana. As of November 2023, Alpex Solar employs 196 professionals across various departments, driving innovation in renewable energy solutions.
Promoters
Mr. Ashwani Sehgal
Mrs. Monica Sehgal
Mr. Vipin Sehgal
Registrar & documents
Lead manager
Corporate Capitalventures Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-79 Shivalik Enclave Near Malviya Nagar New Delhi -110017
+91 - 9971751589
[email protected]Company website ↗Understanding ALPEXSOLAR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.